The most recent study conducted by Report Ocean, titled “Global M anometry SystemMarket Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the Manometry System. The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
Global Manometry System Market to reach USD 227.31 billion by 2027.Global Manometry System Market is valued at approximately USD 157.3 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.4 % over the forecast period 2021-2027. Manometry System is a diagnostic procedure that is conducted to make measurement of the pressure or impedance exerted by muscles inside body lumen like nasal cavity, rectum, and esophagus.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
The expansion in the base of geriatric population and investment in modern health infrastructure has led to the adoption of Manometry System across the forecast period. For Instance: as per the US health care, the 2020 digital health market was valued somewhere between $96.5 and $111.4 billion. Also, with the increasing number of patients, the adoption & demand for Manometry System is likely to increase the market growth during the forecast period. However, lack of skilled Professionals impedes the growth of the market over the forecast period of 2021-2027.
Global Manometry System Market is segmented on the basis of geographical regions as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America led the market and witnessed robust growth owing to the growing IT sector and technological advancement. Whereas, Asia-Pacific is coming up as one of the promising regions as huge market growth is observed due to factors such as rising disposable income, rising population, growing health infrastructure which would create profitable growth prospects for the Manometry System Market across Asia-Pacific region.
Major market players included in this report are:
Prometheus Group
EB Neuro S.p.A
MEDSPIRA
Medtronic
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Medica S.p.A.
RMS Medical Devices
MARQUAT G?(C)nie Biom?(C)dical
Diversatek Inc.
Dentsleeve International Ltd.
LABORIE
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Anorectal Manometry System
Anorectal Manometry System Software
Anorectal Manometry System Sheath & Catheters
By Portability:
Stand Alone System
Portable System
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Russia-Ukraine War on Market
The market is anticipated to suffer because of the Russia-Ukraine War. The demand for the market has decreased as a result of the political unrest and economic unrest in the area. The war had a detrimental impact on global economic activity, adding to inflationary pressures globally and hindering the post-pandemic recovery, even if it was not the primary cause of the slower-than-anticipated economic growth in 2022 and revised estimates for 2023.
The Five Forces analysis examines the following factors:
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
The PESTLE analysis takes into account the following dimensions:
- Political factors: This includes political policies, stability, and factors related to trade, fiscal policies, and taxation policies.
- Economic factors: This involves analyzing interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates.
- Social factors: These encompass changing family demographics, education levels, cultural trends, shifts in attitudes, and changes in lifestyles.
- Technological factors: This examines changes in digital or mobile technology, automation, and research and development in the relevant industry.
- Legal factors: This entails analyzing employment legislation, consumer law, health and safety regulations, as well as international trade regulations and restrictions.
- Environmental factors: This dimension considers aspects such as climate change, recycling procedures, carbon footprint, waste disposal, and sustainability practices.
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